EBRD and A³&Co.® join forces to drive decarbonisation at Arabian Cement Company in Egypt

This collaboration is designed not only to reduce carbon emissions but also to reduce costs through innovative, environmentally responsible approaches, supporting the Arabian Cement Company in its transition to net zero.

Through this strategic partnership, EBRD is providing green investment, working closely with A³&Co.^® to develop a comprehensive decarbonisation roadmap. This is tailored specifically for the Arabian Cement Company to accelerate the production of low carbon cement, leveraging A³&Co.^®'s expertise in cement green solutions and EBRD’s commitment to green initiatives. This partnership aims to align efforts to pioneer change in the cement industry towards a green cement future through reducing the carbon footprint within the Arabian Cement Company's operations.

The Arabian Cement Company has been a leading player in Egypt's cement industry since 1997, with two production lines in Sokhna, Suez Governorate, with an annual production around five million t of high-quality clinker and cement, contributing to 6% of Egypt's nominal capacity. Arabian Cement has gained a strong reputation both locally and internationally, exporting products to numerous countries across four continents. The company is dedicated to minimising its carbon footprint, embracing this initiative as a pathway to a greener, more financially sustainable future.

“We are excited about this partnership with EBRD and A³&Co.^® which showcases our commitment to environmental stewardship and sustainable development”, said Sergio Alcantarilla, CEO of the Arabian Cement Company. “By embracing cutting-edge solutions and adopting greener processes, we are not only reducing our carbon footprint but also setting new benchmarks for the industry.”

The decarbonisation roadmap will be carefully tailored to address the specific challenges and opportunities within the Arabian Cement Company's operations. Through a comprehensive strategy, which includes verified targets, project advisory for implementing decarbonisation, in-house capacity building, carbon market trading, and the implementation of an integrated ESG business model, together, these initiatives aim to significantly reduce greenhouse gas emissions, improving operational efficiency, while reducing costs.

A³&Co.^® will play a pivotal role in guiding the Arabian Cement Company towards their transition to net zero. “We are delighted to partner with EBRD and Arabian Cement Company on this transformative project”, expressed Amr Nader, CEO of A³&Co.^®. “Through our collective expertise, we are confident that we can drive meaningful progress towards decarbonisation and the production of green cement, setting a precedent for responsible business practices in the region. The cooperation between Arabian cement and A³&Co.^® is an additional milestone for our successful collaboration over the past two years and will not only be limited to the decarbonisation roadmap but extends to SBTI certification and CBAM registration which will support Arabian cement to export endeavours and gain global product recognition. A³&Co.^® will also develop a Climate Corporate Governance (CCG) framework for Arabian Cement which is the cornerstone for a fully functioning ESG system inline with international norms.”

Commenting on the collaboration, Dimitrios Koufos, Head of Sustainable Business, Industry, Agribusiness, and Commerce, EBRD, stated, “At EBRD, we are dedicated to supporting initiatives that drive sustainable economic growth. Our partnership with A³&Co.^® and Arabian Cement Company exemplifies our commitment to fostering innovation and catalysing positive change in the industry. Together, we will pave the way for a more sustainable future in Egypt’s cement sector.”

The collaboration between EBRD, A³&Co.^®, and Arabian Cement Company reaffirms the commitment of all parties involved in the United Nations Sustainable Development Goals, particularly goal 13: Climate Action. It exemplifies the power of innovative partnerships in addressing climate change challenges while simultaneously bolstering economic sustainability. This initiative serves as a beacon, guiding the way for businesses worldwide to reduce their carbon footprint while reducing costs, fostering a greener, economically resilient future. Together, EBRD, A³&Co.^®, and Arabian Cement Company are paving the way for a more sustainable, low-carbon future in the cement industry landscape.

Read the article online at: https://www.worldcement.com/africa-middle-east/21112023/ebrd-and-aco-join-forces-to-drive-decarbonisation-at-arabian-cement-company-in-egypt/